An apparatus for creating a panorama is provided, the apparatus including an image obtainer to obtain at least two images via at least two cameras, an overlapping area analyzer to analyze an overlapping area among the at least two cameras, and extract overlapping image information, an image segmentation unit to segment the at least two images in an object unit, and generate image segmentation information, a depth value extractor to extract a depth value of an object in the at least two images, an image focus setter to set a focus value based on the depth value for the plurality of segmented objects, and a panorama creator to create panorama content of which a focus is convertible using the image segmentation information and the focus value.